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Importance of Employee Benefit Package And Why it Matters

HR Digest

Employee benefits have become an essential part of any competitive compensation package. From mandated health insurance plans to free snacks, benefits and perks can play a big role in talent attraction and employee retention. The mandatory benefits form the foundation of all employee benefit packages.

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Open enrollment checklist for employers

Business Management Daily

Employees get to select a new plan for their health insurance and opt into other employee benefits for the next year. This is generally the only time health coverage changes are allowed aside from onboarding or family changes (such as marriage, divorce, or the birth of a child). It’s almost that time of year again!

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Drive Employee Engagement with Transparency into Overall Benefits

Hireology

It’s a great start to list benefits on your career site or in your offer letters, but to maintain employee engagement, you should ensure your employees can easily access an overview of their benefits. In fact, the Bureau of Labor Statistics estimates benefits make up about 37.6 Make Employees Feel Valued.

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4 Ways Employee Engagement Has Improved in the Past Decade

Hireology

If employees can’t find their pay stubs, or lose track of how many systems they need to log into – such as payroll, benefits, time and attendance and countless other systems – they might get frustrated with your company and seek other job opportunities.

Payroll 78
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Understanding the cost of employee benefits & what it means for your company

Genesis HR Solutions

In this article, we’ll look at: The benefits most businesses offer. How much of an employee’s salary is made up of benefits. Common Employee Benefits. Insurance types: Medical, dental, vision, disability, and life insurance plans. How the benefits expenses are shared (or not) is determined by the employer.

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10 Things Driven Job Seekers Expect from Your Dealership

Hireology

If employees can’t find their pay stubs, or lose track of how many systems they need to log into – such as payroll, benefits, time and attendance and countless other systems – they might get frustrated with your company and seek other job opportunities.

Payroll 78